EUR/USD Intraday: the downside prevails
Jan 8, 2025 12:10 PM
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Pivot: 1.0320
Our preference:
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario:
above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
Our preference:
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario:
above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
EUR/USD
1.174
0.001
+0.06%
